[s1artibartfast]

Seems like the risk that Russia and Russian based companies won't exist 5 years from now is low

[wcoenen]

The risk of the companies disappearing may indeed be low.

One historical fact does come to mind: the St. Petersburg stock exchange reopened in 1917 (after being closed for world war 1), then closed two months later because of the Russian Revolution. It did not reopen and shareholders of Russian stocks lost everything.

I don't see something like that happening today. But what if Russia confiscates the shares of foreign shareholders?

[kadoban]

The risk that it's illegal or impossible to get your money out is not as low.

[s1artibartfast]

I guess that is the speculative aspect. I think the risk is extremely low that there will be sanctions on retail stock investment 5 years from now.